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Investing.com - Jefferies has initiated coverage on AUTO1 Group SE (ETR:AG1) (OTC:ATOGF) with a Buy rating and a price target of EUR34.00, citing the company’s position in the European automotive market.
The research firm highlighted Auto1’s role in driving "long overdue deep-rooted digitalisation" of Europe’s automotive wholesaling and retailing industry, noting its advantages as a born-digital platform with regional scale.
Jefferies pointed to Auto1’s exposure to all four sourcing and selling channels, along with access to scalable financing, as factors that position the company for "high quality structural earnings growth" well into the future.
The firm forecasts Auto1 will reach its target of 5-9% EBITDA margins by fiscal year 2030, with the business model described as less capital intensive, allowing for "solid FCF conversion."
Jefferies’ analysts noted their FY26-27 Adjusted EBITDA expectations are 4-11% ahead of consensus, adding that Auto1 trades at a discount to its most comparable peer with a FY25-28E PEG ratio of approximately 1x versus about 3x for Carvana.
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